Texas Permanent School Fund Corp Sells 4,116 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Texas Permanent School Fund Corp decreased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FRFree Report) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,322 shares of the real estate investment trust’s stock after selling 4,116 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of First Industrial Realty Trust worth $5,345,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FR. O Shaughnessy Asset Management LLC lifted its holdings in shares of First Industrial Realty Trust by 4.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,041 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 217 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of First Industrial Realty Trust by 12.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,171 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 232 shares during the last quarter. GYL Financial Synergies LLC lifted its stake in First Industrial Realty Trust by 0.7% in the third quarter. GYL Financial Synergies LLC now owns 35,469 shares of the real estate investment trust’s stock worth $1,688,000 after purchasing an additional 242 shares during the last quarter. M&T Bank Corp lifted its stake in First Industrial Realty Trust by 1.5% in the third quarter. M&T Bank Corp now owns 16,886 shares of the real estate investment trust’s stock worth $804,000 after purchasing an additional 250 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in First Industrial Realty Trust by 5.7% in the second quarter. Lazard Asset Management LLC now owns 4,960 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FR shares. Wells Fargo & Company started coverage on shares of First Industrial Realty Trust in a research note on Thursday, December 7th. They set an “equal weight” rating for the company. TheStreet raised shares of First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Mizuho lifted their price objective on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. The Goldman Sachs Group lifted their price objective on shares of First Industrial Realty Trust from $41.00 to $47.00 and gave the company a “sell” rating in a report on Thursday, January 11th. Finally, Truist Financial cut their price target on shares of First Industrial Realty Trust from $60.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $54.38.

Get Our Latest Report on First Industrial Realty Trust

First Industrial Realty Trust Trading Down 0.4 %

NYSE FR opened at $54.06 on Tuesday. The company has a market capitalization of $7.15 billion, a PE ratio of 26.12 and a beta of 1.02. The company has a fifty day moving average of $52.20 and a 200 day moving average of $49.28. First Industrial Realty Trust, Inc. has a 1 year low of $40.44 and a 1 year high of $55.22. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.06 and a quick ratio of 0.90.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.74%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.32. First Industrial Realty Trust’s dividend payout ratio is 61.84%.

First Industrial Realty Trust Company Profile

(Free Report)

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.

Featured Stories

Want to see what other hedge funds are holding FR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Industrial Realty Trust, Inc. (NYSE:FRFree Report).

Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.